It's about Business in Kerala!
Kochi: The Aluva based Federal Bank, one of the leading private commercial banks in the country, has crossed a milestone in branch expansion with the launch of its 1000th branch at Muthoor in Kerala on August 17, 2012. With this, Federal Bank has become the first Kerala based bank to cross the 1000 branch mark. The bank has 542 branches in Kerala and 458 branches spread over 24 other States.
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Trivandrum: Kerala Financial Corporation (KFC), the premier development financier in the State, has pioneered into the field of financing the entertainment industry and has brought out two schemes, which were launched by the Minister for Finance, Shri K M Mani at Thiruvanathapuram on July 06, 2012. Under the scheme, KFC will finance Rs.2 crores for movies and Rs.20 crores for building multiplexes.
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Trivandrum: UAE Exchange, a leading global remittance and foreign exchange brand, has announced that it has opened its 600th branch in the global network, strengthening the position of as the largest globally networked remittance brand in the world. This network includes 300 branches in India, which is the largest among the entire global operations of UAE Exchange.
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Trivandrum: SBI General Insurance has acquired over 10,000 customers in Trivandrum during its first full year of operation across the Corporate, SME & Retail segments. The company’s premium income during this period across all three segments was Rs.7.54 Crores.
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Kochi: Chemmanur International Jewellers, one of the leading jewelleries in Kerala and the Middle East, has launched a Non Banking Financial Services Company (NBFC) named Chemmanur Credits and Investments Ltd. with its headquarters at Thrissur. This marks the entry of Chemmanur into the gold loan business. The company inaugurated 12 fully operational branches, out of the planned 200 in Kerala, on August 23, 2011.
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